Keeley Teton Advisors LLC Sells 8,065 Shares of BWX Technologies, Inc. (NYSE:BWXT)

Keeley Teton Advisors LLC lessened its stake in BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 58.7% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,664 shares of the technology company's stock after selling 8,065 shares during the quarter. Keeley Teton Advisors LLC's holdings in BWX Technologies were worth $631,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in BWXT. Morse Asset Management Inc acquired a new stake in shares of BWX Technologies in the 3rd quarter valued at about $92,000. Barclays PLC boosted its position in BWX Technologies by 59.8% during the 3rd quarter. Barclays PLC now owns 64,525 shares of the technology company's stock worth $7,014,000 after acquiring an additional 24,149 shares during the last quarter. Virtu Financial LLC bought a new position in shares of BWX Technologies during the 3rd quarter worth approximately $529,000. Fulcrum Equity Management raised its holdings in shares of BWX Technologies by 4.0% in the third quarter. Fulcrum Equity Management now owns 3,337 shares of the technology company's stock valued at $363,000 after purchasing an additional 127 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new position in BWX Technologies during the third quarter worth $230,000. Institutional investors own 94.39% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on BWXT. Maxim Group lifted their price target on shares of BWX Technologies from $138.00 to $140.00 and gave the company a "buy" rating in a research note on Friday, January 10th. Seaport Res Ptn raised BWX Technologies to a "strong-buy" rating in a research report on Tuesday, April 1st. Bank of America dropped their price objective on BWX Technologies from $160.00 to $135.00 and set a "buy" rating on the stock in a research note on Wednesday, March 26th. Finally, Truist Financial boosted their target price on shares of BWX Technologies from $106.00 to $114.00 and gave the stock a "hold" rating in a report on Tuesday, January 14th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $124.38.

BWX Technologies Stock Performance

Shares of NYSE BWXT traded up $1.03 during mid-day trading on Tuesday, reaching $101.49. 95,461 shares of the company were exchanged, compared to its average volume of 1,017,084. BWX Technologies, Inc. has a twelve month low of $84.21 and a twelve month high of $136.31. The stock has a market capitalization of $9.28 billion, a P/E ratio of 33.60, a P/E/G ratio of 3.20 and a beta of 0.67. The company's 50-day simple moving average is $101.21 and its 200-day simple moving average is $113.74. The company has a quick ratio of 2.25, a current ratio of 2.25 and a debt-to-equity ratio of 1.15.

BWX Technologies (NYSE:BWXT - Get Free Report) last announced its earnings results on Monday, February 24th. The technology company reported $0.92 earnings per share for the quarter, topping analysts' consensus estimates of $0.80 by $0.12. BWX Technologies had a return on equity of 31.95% and a net margin of 10.32%. The company had revenue of $746.27 million for the quarter, compared to analyst estimates of $653.16 million. As a group, research analysts predict that BWX Technologies, Inc. will post 3.23 earnings per share for the current year.

BWX Technologies Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Tuesday, March 11th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.99%. The ex-dividend date was Tuesday, March 11th. This is a positive change from BWX Technologies's previous quarterly dividend of $0.24. BWX Technologies's dividend payout ratio (DPR) is 32.57%.

Insiders Place Their Bets

In related news, SVP Ronald Owen Whitford, Jr. sold 2,000 shares of the company's stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $104.92, for a total transaction of $209,840.00. Following the completion of the sale, the senior vice president now directly owns 9,904 shares in the company, valued at $1,039,127.68. This represents a 16.80 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Robert L. Duffy sold 6,000 shares of BWX Technologies stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $104.03, for a total transaction of $624,180.00. Following the sale, the senior vice president now directly owns 3,206 shares in the company, valued at $333,520.18. This trade represents a 65.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 53,625 shares of company stock worth $5,734,145 over the last ninety days. Corporate insiders own 0.47% of the company's stock.

BWX Technologies Company Profile

BWX Technologies, Inc, together with its subsidiaries, manufactures and sells nuclear components in the United States, Canada, and internationally. It operates through two segments, Government Operations and Commercial Operations. The Government Operations segment designs and manufactures naval nuclear components, reactors, and nuclear fuel; fabrication activities; and supplies proprietary and sole-source valves, manifolds, and fittings to naval and commercial shipping customers.